Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com - Morgan Stanley lowered its price target on Getlink (EPA:GET) (OTC:GRPTF) to EUR18.30 from EUR19.90 on Wednesday, while maintaining an Overweight rating on the stock.
The investment bank cited short-term challenges affecting the Channel Tunnel operator, including macroeconomic pressures in the UK and France, disappointing truck volumes, and lower Brent crude oil prices.
Despite the near-term headwinds prompting earnings cuts, Morgan Stanley identified medium-term upside potential for Getlink from high-speed rail services and potential new entrants, along with expected improvements in Brent oil prices and carbon trading into the second half of 2026 and fiscal year 2027.
The firm also noted it was reprofiling long-term cash and dividend flows in its analysis of the company, which operates the undersea rail tunnel connecting Britain and France.
As a result of these adjustments, Morgan Stanley removed Getlink from its Top Pick designation, though it maintained its overall positive outlook with the Overweight rating.
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